Zero Co., Ltd. (JP:9028)
:9028
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Zero Co., Ltd.
(9028)
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Rating:74Outperform
Price Target:
¥3,881.00
▼(-3.70% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by solid financial performance (improved margins, conservative leverage, healthy ROE) and attractive valuation (low P/E and strong dividend yield). Technical indicators are neutral-to-soft (negative MACD and mixed moving averages), which tempers the overall rating.
Positive Factors
Strong free cash flow generation
Sustained operating and free cash flow at these absolute levels gives Zero durable internal funding to support capex, yard investments and dividends without heavy external financing. This cash conversion underpins strategic flexibility and resilience across cycles.
Negative Factors
Recent revenue softness
A decline in trailing revenue signals softer shipment volumes or contract mix, which can erode asset utilization in vehicle logistics. If the top-line weakness persists it may compress margins, reduce incremental cash flow and force either price cuts or cost restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained operating and free cash flow at these absolute levels gives Zero durable internal funding to support capex, yard investments and dividends without heavy external financing. This cash conversion underpins strategic flexibility and resilience across cycles.
Read all positive factors
Zero Co., Ltd. (9028) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥61.78B
Dividend Yield3.57%
Average Volume (3M)30.46K
Price to Earnings (P/E)9.2
Beta (1Y)0.75
Revenue Growth-0.98%
EPS Growth2.36%
CountryJP
Employees2,647
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)405.05
Shares Outstanding17,560,242
10 Day Avg. Volume26,280
30 Day Avg. Volume30,456
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.21
Price to Sales (P/S)0.35
P/FCF Ratio4.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)420.2
Revenue Forecast (FY)¥151.00B
Zero Co., Ltd. Business Overview & Revenue Model
Company Description
ZERO Co., Ltd., together with its subsidiaries, provides vehicle transportation and maintenance services in Japan. It offers new and used vehicle transportation, and door-to-door transportation of private cars and motorbikes. The company also offe...
How the Company Makes Money
The company primarily makes money by charging customers fees for logistics services centered on vehicles. Key revenue streams include (1) transportation fees for moving finished vehicles from production sites, ports, or storage yards to dealership...
Zero Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 146.75B | 147.84B | 140.75B | 132.86B | 107.05B | 92.17B |
| Gross Profit | 21.34B | 21.75B | 17.67B | 15.20B | 13.13B | 13.40B |
| EBITDA | 15.30B | 15.24B | 11.47B | 9.75B | 8.35B | 9.12B |
| Net Income | 6.82B | 7.18B | 4.15B | 3.44B | 2.54B | 3.63B |
Balance Sheet | ||||||
| Total Assets | 75.59B | 73.95B | 70.73B | 56.56B | 55.19B | 50.94B |
| Cash, Cash Equivalents and Short-Term Investments | 12.27B | 16.64B | 11.32B | 5.87B | 5.65B | 5.90B |
| Total Debt | 11.01B | 11.27B | 14.25B | 7.29B | 10.52B | 10.62B |
| Total Liabilities | 29.27B | 30.41B | 32.86B | 22.72B | 24.57B | 22.63B |
| Stockholders Equity | 46.04B | 42.90B | 37.21B | 33.28B | 30.07B | 28.28B |
Cash Flow | ||||||
| Free Cash Flow | 9.00B | 10.74B | 8.99B | 6.87B | 1.36B | 5.63B |
| Operating Cash Flow | 11.82B | 12.86B | 11.23B | 8.78B | 3.95B | 8.59B |
| Investing Cash Flow | -3.02B | -2.84B | -4.66B | -2.17B | -3.27B | -3.10B |
| Financing Cash Flow | -8.28B | -4.61B | -824.00M | -6.29B | -1.61B | -4.36B |
Zero Co., Ltd. Technical Analysis
Positive
4030.00
Price Trends
3497.10
Positive
3670.39
Positive
3453.53
Positive
Market Momentum
70.14
Negative
65.85
Neutral
67.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9028, the sentiment is Positive. The current price of 4030 is above the 20-day moving average (MA) of 3523.25, above the 50-day MA of 3497.10, and above the 200-day MA of 3453.53, indicating a bullish trend. The MACD of 70.14 indicates Negative momentum. The RSI at 65.85 is Neutral, neither overbought nor oversold. The STOCH value of 67.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9028.
Zero Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥811.01B | 19.74 | 19.13% | 2.64% | 9.45% | 12.93% | |
74 Outperform | ¥61.78B | 9.20 | ― | 3.57% | -0.98% | 2.36% | |
64 Neutral | ¥135.95B | 11.41 | ― | 2.82% | 13.31% | -11.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥52.52B | 11.80 | ― | 4.49% | 10.55% | -5.43% | |
53 Neutral | ¥274.97B | 17.73 | ― | 1.24% | 19.04% | 108.13% | |
49 Neutral | ¥3.43B | 21.74 | ― | 1.08% | -0.94% | ― |
* Consumer Cyclical Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.